CryoLife, Inc. (CRY) Posts Earnings Results

CryoLife, Inc. (NYSE:CRY) announced its quarterly earnings data on Monday, July 24th. The medical equipment provider reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.02, Bloomberg Earnings reports. CryoLife had a return on equity of 7.41% and a net margin of 6.16%. The firm had revenue of $47.80 million for the quarter, compared to analysts’ expectations of $47.02 million. During the same period last year, the firm earned $0.13 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. CryoLife updated its FY17 guidance to $40-0.43 EPS.

CryoLife (CRY) traded up 0.26% during mid-day trading on Friday, hitting $19.05. The company had a trading volume of 88,610 shares. CryoLife has a 1-year low of $14.03 and a 1-year high of $20.30. The stock has a market capitalization of $637.15 million, a PE ratio of 57.73 and a beta of 0.97. The stock has a 50 day moving average price of $19.18 and a 200-day moving average price of $17.98.

Several analysts recently issued reports on the company. BidaskClub cut CryoLife from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research raised CryoLife from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Thursday, June 8th. Finally, Northland Securities reissued a “buy” rating and issued a $23.50 target price on shares of CryoLife in a research note on Friday, April 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. CryoLife has an average rating of “Hold” and a consensus target price of $22.00.

In related news, VP Amy Horton sold 9,577 shares of the stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $20.00, for a total value of $191,540.00. Following the sale, the vice president now directly owns 112,282 shares of the company’s stock, valued at approximately $2,245,640. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in CRY. Municipal Employees Retirement System of Michigan increased its position in CryoLife by 3.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 6,150 shares of the medical equipment provider’s stock worth $102,000 after buying an additional 190 shares in the last quarter. Mason Street Advisors LLC increased its position in CryoLife by 7.4% in the first quarter. Mason Street Advisors LLC now owns 6,324 shares of the medical equipment provider’s stock worth $105,000 after buying an additional 438 shares in the last quarter. State of Alaska Department of Revenue increased its position in CryoLife by 80.8% in the second quarter. State of Alaska Department of Revenue now owns 5,387 shares of the medical equipment provider’s stock worth $107,000 after buying an additional 2,407 shares in the last quarter. First Mercantile Trust Co. increased its position in CryoLife by 5.6% in the second quarter. First Mercantile Trust Co. now owns 5,448 shares of the medical equipment provider’s stock worth $109,000 after buying an additional 291 shares in the last quarter. Finally, Creative Planning increased its position in CryoLife by 3.0% in the second quarter. Creative Planning now owns 6,806 shares of the medical equipment provider’s stock worth $136,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 69.22% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “CryoLife, Inc. (CRY) Posts Earnings Results” was originally reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/08/19/cryolife-inc-cry-posts-quarterly-earnings-results-beats-expectations-by-0-02-eps-updated-updated-updated.html.

CryoLife Company Profile

CryoLife, Inc (CryoLife) is a medical device manufacturer and processor, and is engaged in the distribution of medical devices and implantable human tissues used in cardiac surgical procedures. The Company operates through two segments: Medical Devices and Preservation Services. The Medical Devices segment includes medical devices, such as BioGlue Surgical Adhesive, BioFoam Surgical Matrix, On-X Life Technologies Holdings, Inc valves and surgical products, CardioGenesis cardiac laser therapy product line, PerClot and PhotoFix.

Earnings History for CryoLife (NYSE:CRY)

What are top analysts saying about CryoLife Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for CryoLife Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit